Europe

LONDON: European stock markets closed significantly lower Tuesday following mixed eurozone data and contentious Greek bailout talks, while London's main index failed to gain after an upgrade of British economic growth.London's benchmark FTSE 100 tumbled 1.72 percent to end the day at 6,773.04 points.Frankfurt's DAX 30 index slumped 0.99 percent to close at 11,966.17 points, while the CAC 40 in Paris lost 0.98 percent to 5,033.64 points.The euro fell to $1.0740 from $1.0825 late in New York on Monday."Investors continued to focus on the failings of region-wide core inflation and unemployment alongside the Greek stalemate that is acting as a perpetual backdrop to the trading situation in the eurozone," said Connor Campbell, analyst at Spreadex trading group.Deflation in the eurozone eased in March, official data showed Tuesday, reducing concerns that the economy faces a dangerous spiral after four straight months of falling consumer prices.Another boost came from Germany, where unemployment ...

LONDON: European stock markets dropped Tuesday following mixed eurozone data, while London's main index failed to gain after an upgrade of British economic growth.London's benchmark FTSE 100 slid 1.45 percent to stand at 6,791.14 points in mid-afternoon deals.Frankfurt's DAX 30 index lost 0.94 percent to 11,971.94 points and the CAC 40 in Paris retreated 0.82 percent to 5,041.89 points compared with Monday's close.The euro fell to $1.0737 from $1.0825 late in New York on Monday."Mixed ...

MOSCOW: Russian shares will rise another 14 percent by the end of 2015 as a stronger rouble and a modest uptick in oil prices helps them build on gains made in the first three months of the year, a Reuters poll found.Moscow-listed assets took a heavy hit late last year when panic gripped Russian financial markets and the rouble tanked, in part due to collapsing oil prices and Western sanctions imposed over the Ukraine conflict.Investors ...

LONDON: Britain's top share index fell sharply on Tuesday, hindered by a drop in tobacco and commodity companies, but was still headed for its best quarterly gain since 2013 even as it ended March with a whimper.The FTSE was down 115.11 points, or 1.7 percent, at 6,776.32 points at 1318 GMT but remained up 3.2 percent this year, heading for its biggest quarterly gain since the end of 2013.Consumer staple stocks trimmed nearly 24 points ...

PARIS: European shares are set to extend their brisk rally this year as the European Central Bank's massive asset-buying scheme and a weakening euro help revive economic growth and corporate profits, a Reuters poll found.The survey of around 50 fund managers and strategists conducted in the past week predicted the pan-European STOXX Europe 600 index would rise more than 6 percent from current levels to 425 points by the end of 2015.The euro zone's blue-chip ...

LONDON: Britain's top FTSE 100 equity index is expected to stutter in the run-up to May's national election but then recover to touch new record highs, a Reuters poll forecast.While the election is set to cause volatility, the UK stock market would be supported longer term by record low interest rates and a rebound in Britain's economy, investors said.The Reuters poll of traders, fund managers and strategists expected the FTSE to end the year at ...

LONDON: European stock markets dropped Tuesday following mixed eurozone data, while London's main index failed to gain following an upgrade of British economic growth.London's benchmark FTSE 100 slid 0.88 percent to stand at 6,830.90 points in midday deals.Frankfurt's DAX 30 index dropped 0.62 percent to 12,011.02 points and the CAC 40 in Paris retreated 0.29 percent to 5,068.94 points compared with Monday's close.The euro fell to $1.0744 from $1.0825 late in New York on Monday."Mixed ...